Hsbc Holdings PLC increased its stake in shares of Ameren Corporation (NYSE:AEE – Free Report) by 11.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 481,004 shares of the utilities provider’s stock after acquiring an additional 49,223 shares during the period. Hsbc Holdings PLC’s holdings in Ameren were worth $54,507,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in AEE. Droms Strauss Advisors Inc. MO ADV grew its position in Ameren by 2.2% in the 1st quarter. Droms Strauss Advisors Inc. MO ADV now owns 4,162 shares of the utilities provider’s stock valued at $457,000 after buying an additional 90 shares during the last quarter. Fortitude Advisory Group L.L.C. raised its position in Ameren by 4.3% during the 1st quarter. Fortitude Advisory Group L.L.C. now owns 2,269 shares of the utilities provider’s stock worth $249,000 after buying an additional 93 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of Ameren by 1.6% in the 1st quarter. Parallel Advisors LLC now owns 5,746 shares of the utilities provider’s stock worth $632,000 after acquiring an additional 93 shares during the period. GHP Investment Advisors Inc. lifted its stake in shares of Ameren by 19.4% in the 1st quarter. GHP Investment Advisors Inc. now owns 602 shares of the utilities provider’s stock worth $66,000 after acquiring an additional 98 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of Ameren by 45.4% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 349 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 109 shares during the period. Institutional investors and hedge funds own 79.09% of the company’s stock.
Ameren Price Performance
Shares of NYSE AEE opened at $106.34 on Tuesday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.37 and a current ratio of 0.53. Ameren Corporation has a one year low of $96.57 and a one year high of $118.32. The firm has a market capitalization of $29.44 billion, a P/E ratio of 18.72, a PEG ratio of 3.11 and a beta of 0.46. The company’s fifty day moving average is $109.97 and its two-hundred day moving average is $110.22.
Ameren Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $3.00 dividend on an annualized basis and a yield of 2.8%. Ameren’s dividend payout ratio (DPR) is 52.82%.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on AEE shares. Wall Street Zen lowered shares of Ameren from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. KeyCorp upgraded shares of Ameren from a “sector weight” rating to an “overweight” rating and set a $122.00 price objective for the company in a research report on Thursday, July 23rd. Morgan Stanley lowered their price objective on Ameren from $118.00 to $114.00 and set an “equal weight” rating on the stock in a report on Friday, August 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Ameren in a research report on Friday, August 7th. Finally, BTIG Research set a $126.00 target price on Ameren in a research note on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.42.
View Our Latest Stock Report on AEE
Insider Transactions at Ameren
In related news, SVP Theresa A. Shaw sold 325 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $108.93, for a total value of $35,402.25. Following the sale, the senior vice president owned 32,340 shares in the company, valued at $3,522,796.20. This represents a 0.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael L. Moehn sold 6,500 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $108.96, for a total value of $708,240.00. Following the completion of the transaction, the insider directly owned 199,689 shares of the company’s stock, valued at $21,758,113.44. The trade was a 3.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.29% of the company’s stock.
Ameren Company Profile
Ameren Corporation (NYSE: AEE) is an integrated energy company headquartered in St. Louis, Missouri, that provides electric and natural gas delivery and related services in portions of Missouri and Illinois. The company operates regulated utility businesses that serve a broad mix of residential, commercial and industrial customers, and it participates in wholesale energy markets and transmission operations that support reliable service across its service territories.
Ameren’s core activities include generation, transmission and distribution of electricity, distribution of natural gas, and the provision of customer energy solutions such as demand-side management and energy efficiency programs.
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